Capital Metals, Metals Exploration, Condor Gold, East Star Resources, Castillo Copper
Capital Metals gave an update on its Eastern Minerals project in Sri Lanka.Over the past six months, the company has been focused on establishing a development plan that significantly reduces the circa $30 million stage 1 capex from the May 2022 Preliminary Economic Assessment while expediting cash flow, it said.In doing so, it has reduced the estimated capex to $20.9 million, with further optimisation opportunities identified for potential cost reductions.
Soil sampling has identified a very large gold in soil anomaly , coincident with the alteration signature from the multispectral imagery and directly along strike from an artisanal gold mine, it said. A second large anomaly with porphyry potential has been identified through strong molybdenum and bismuth pathfinder elements, with results indicating >10 times Mo and >100 times Bi above anomalous thresholds, it added.
Condor Gold Calibre Mining Castillo Copper East Star Resources
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